Prince Harry and Meghan to present Netflix documentary inspired by Nelson Mandela


Paul Carey
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Fast on the heels of the Netflix docuseries focused on their time in the royal family, Prince Harry and his wife, Meghan, are to present a documentary they say was inspired by Nelson Mandela.

Live to Lead will be broadcast only a few weeks after the Duke and Duchess of Sussex's relationship with the monarchy hit a new low following damaging claims made in the six-part Harry & Meghan show that shed light on their life in California and travails with his family, including Meghan's suicidal thoughts.

Their new project, which will also appear on the streaming service, will be first shown on December 31 and a promotional trailer features footage of Mandela, a human rights stalwart and former president of South Africa, and climate change activist Greta Thunberg.

In the short preview the prince says: “This was inspired by Nelson Mandela who once said ‘what counts in life is not the mere fact that we have lived …'”

The duchess completes the quotation saying “…it is what difference we have made to the lives of others that will determine the significance of the life we lead'”.

The trailer features footage of Mr Mandela shaking hands with children, as well as his "long walk to freedom" when he was released from prison.

The Nelson Mandela Foundation tweeted that it was proud to announce the launch of the series.

Last week, Prince Harry claimed he was shocked when his brother, Prince William, screamed at him during discussions about their intention to move to Canada.

It was reported on Sunday that the couple, who now live in the US, were seeking an apology from the royal family for the unfair way they believe they were treated.

The Sunday Times said the couple felt than an apology by Buckingham Palace aide Lady Susan Hussey to black charity worker Ngozi Fulani meant they deserved equal treatment. Lady Susan had repeatedly asked Ms Fulani "where are you really from" during an event at the palace.

However, despite the rift, there is speculation they will still be invited to King Charles’s coronation on May 6 despite the damaging claims they levelled at the royal family.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

SNAPSHOT

While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Updated: December 19, 2022, 5:07 PM